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Day: October 23, 2018
October 232018
Japanese Yen Rises on Upbeat Tone, China Trade Talks
The Japanese yen is rising against its American counterpart on Tuesday as officials maintain an upbeat tone on the national economy. This week, Japanese leaders are in China to discuss trade and find ways to improve commerce and relations amid trade tensions with the US. On Tuesday, Japanâs Cabinet Office released its monthly economic report and it showed that the economy is gradually recovering, despite exports slowing down â the government […]
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October 232018
Euro Rallies Slightly Amid Stock Market Sell Off and Italian Politics
The euro today rallied slightly against the US dollar despite the lack of any major data releases from the eurozone and the simmering Italian budget drama. The EUR/USD currency pair’s rally is most likely due to a technical pullback given yesterday’s massive decline and the risk-off market sentient that still exists. The EUR/USD currency pair today rallied from a low of 1.1439 to a high of 1.1486 and was trading near its daily highs […]
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October 232018
EUR/USD Rises Despite Italian Budget Problems
EUR/USD rose today following the intraday drop. The currency pair gained even as the European Commission made an unprecedented move, rejecting the Italian budget plan. US macroeconomic data was poor, but there are very few reports and they were not particularly important, thus having limited impact on the currency market. Richmond Fed manufacturing index dropped from 29 in September to 15 in October. The decline was much bigger […]
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